Mutual of America Capital Management LLC lifted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 2.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 15,238 shares of the asset manager’s stock after acquiring an additional 434 shares during the period. Mutual of America Capital Management LLC’s holdings in BlackRock were worth $6,813,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. lifted its holdings in shares of BlackRock by 14.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 240 shares of the asset manager’s stock worth $101,000 after acquiring an additional 30 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of BlackRock by 48.9% during the 1st quarter. Proficio Capital Partners LLC now owns 259 shares of the asset manager’s stock worth $103,000 after acquiring an additional 85 shares during the period. Enterprise Financial Services Corp lifted its holdings in shares of BlackRock by 52.5% during the 2nd quarter. Enterprise Financial Services Corp now owns 247 shares of the asset manager’s stock worth $104,000 after acquiring an additional 85 shares during the period. Penserra Capital Management LLC bought a new position in shares of BlackRock during the 2nd quarter worth about $104,000. Finally, Kings Point Capital Management lifted its holdings in shares of BlackRock by 34.5% during the 1st quarter. Kings Point Capital Management now owns 273 shares of the asset manager’s stock worth $105,000 after acquiring an additional 70 shares during the period. 82.47% of the stock is owned by institutional investors.
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In other news, Director J. Richard Kushel sold 100 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $481.58, for a total value of $48,158.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert W. Fairbairn sold 3,675 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $415.31, for a total transaction of $1,526,264.25. The disclosure for this sale can be found here. Insiders have sold 5,025 shares of company stock valued at $2,162,130 in the last ninety days. 1.86% of the stock is currently owned by company insiders.
A number of equities analysts have recently commented on the stock. Wells Fargo & Company reaffirmed a “market perform” rating and set a $475.00 price objective (up from $450.00) on shares of BlackRock in a report on Thursday, October 12th. J P Morgan Chase & Co raised their price objective on shares of BlackRock to $558.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $465.00 price objective on shares of BlackRock in a report on Thursday, October 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $500.00 price objective on shares of BlackRock in a report on Thursday, October 12th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of BlackRock in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. BlackRock currently has a consensus rating of “Buy” and a consensus price target of $489.08.
Shares of BlackRock, Inc. (NYSE:BLK) traded down 0.04% during trading on Friday, reaching $476.62. 532,146 shares of the company traded hands. The company has a 50-day moving average of $445.93 and a 200-day moving average of $419.02. BlackRock, Inc. has a 12 month low of $336.84 and a 12 month high of $489.79. The stock has a market capitalization of $77.02 billion, a PE ratio of 22.33 and a beta of 1.72.
BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, October 11th. The asset manager reported $5.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.09%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the business posted $5.14 earnings per share. BlackRock’s revenue was up 14.0% compared to the same quarter last year. Analysts forecast that BlackRock, Inc. will post $22.36 earnings per share for the current fiscal year.
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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